Victory Incore Competition

IPFIX Fund

USD 6.80 -0.01 -0.15%

The fund is listed under the Short Government category and is part of the Victory Capital Management Inc. family. Victory Incore is often compared with EValuator Aggressive, Franklin High, Intal High, and RIVERNORTH/OAKTREE and additional peers. This provides context for comparative analysis. Peer comparison for Victory Incore provides quick context before deeper valuation work.

Correlation: Victory Incore vs RIVERNORTH/OAKTREE Overview

Very weak diversification

For the present investment horizon, the measured correlation between IPFIX and RNOTX stands at 0.46, or Very weak diversification. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.

Moving together with Victory Mutual Fund

0.7	SSGSX	Victory Sycamore Small	Pair Corr
0.67	MMECX	Victory Integrity	Pair Corr
0.74	MMEAX	Victory Integrity	Pair Corr

Moving against Victory Mutual Fund

0.81	RSIFX	Victory Rs Science	Pair Corr
0.51	RSGRX	Victory Rs Growth	Pair Corr

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The mean reversion principle applied to Victory Incore's suggests that neither prolonged outperformance nor underperformance is permanent. Investors exploit this by positioning against extremes in price relative to fundamental value.

Hype

Prediction

Low	Estimated	High
6.71	6.80	6.89

Details

Intrinsic

Valuation

Low	Real	High
6.17	6.26	7.48

Details

Naive

Forecast

Low	Next	High
6.70	6.79	6.88

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
6.79	6.81	6.83

Details

Peer comparison enriches Victory Incore analysis by revealing how the company ranks against competitors on key metrics. This relative perspective often changes investment conclusions drawn from standalone fundamental analysis.

Victory Incore Competition Correlation Matrix

Correlation analysis between Victory Incore Fund and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.

	EVAGX	FHYRX	DIHRX	RNOTX
EVAGX		0.78	0.8	0.83	EVAGX
FHYRX	0.78		0.93	0.68	FHYRX
DIHRX	0.8	0.93		0.82	DIHRX
RNOTX	0.83	0.68	0.82		RNOTX
	EVAGX	FHYRX	DIHRX	RNOTX

Risk-Adjusted Indicators

There is a big difference between Victory Mutual Fund performing well and Victory Incore Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Victory Incore's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EVAGX	1.00	0.41	0.44	0.49	0.44	-1.26	1.12	-1.59	24.27
FHYRX	0.11	0.01	0.19	0.27	0.07	-0.16	0.23	-0.33	1.23
DIHRX	0.65	0.08	0.09	0.06	0.96	-0.64	1.17	-1.53	5.10
RNOTX	0.10	-0.01	0.00	-0.17	0.00	0.00	0.23	-0.23	0.58

Victory Incore Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	IPFIX	EVAGX	FHYRX	DIHRX	RNOTX
	0.15 6.80 Victory	0.15 13.64 EValuator	0.34 8.91 Franklin	1.56 15.74 Intal	0.46 8.58 RIVERNORTH/OAKTREE
Market Volatility (90 Days Market Risk)	Very Low	Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Contained	Moderate	Moderate	Contained	Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Under Valued	Fairly Valued	Under Valued	Fairly Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Not Rated	Strong Buy	Strong Hold	Strong Buy	Cautious Hold
Net Asset	338.4 M	89.34 M	6.41 B	270.54 M	58 M
Minimum Initial Investment	N/A	10 K	N/A	N/A	N/A
Price To Book	N/A	N/A	N/A	N/A	0.50 X
Five Year Return	1.29 %	7.83 %	1.61 %	7.99 %	4.17 %
One Year Return	4.50 %	22.67 %	4.39 %	21.21 %	5.32 %
Last Dividend Paid	0.03	0.11	0.03	0.1	0.03
Price To Earning	N/A	N/A	N/A	N/A	20.10 X
Price To Sales	N/A	N/A	N/A	N/A	1.90 X
Cash Position Weight	0.02 %	2.12 %	0.66 %	0.11 %	18.59 %
Equity Positions Weight	N/A	85.35 %	N/A	99.89 %	0.64 %
Three Year Return	4.57 %	15.32 %	6.08 %	13.34 %	7.35 %
Annual Yield	0.05 %	0.01 %	0.0036 %	0.03 %	0.07 %
Year To Date Return	0.66 %	1.65 %	1.52 %	3.77 %	0.48 %
Bond Positions Weight	N/A	2.94 %	8.12 %	N/A	20.13 %
Ten Year Return	2.13 %	N/A	4.26 %	N/A	N/A
Day Typical Price	6.8	13.64	8.91	15.74	8.58
Period Momentum Indicator	-0.01	-0.02	-0.03	-0.25	-0.04
Rate Of Daily Change	1.0	1.0	1.0	0.98	1.0
Day Median Price	6.8	13.64	8.91	15.74	8.58
Price Action Indicator	-0.01	-0.01	-0.01	-0.12	-0.02
Relative Strength Index	50.72	56.89	45.53	43.02	36.67
Coefficient Of Variation	948.38	744.18	908.97	1556.59	-2,721
Mean Deviation	0.0545	0.9958	0.108	0.6508	0.0984
Jensen Alpha	3.0E-4	0.4068	0.0106	0.0806	-0.01
Total Risk Alpha	0.0041	0.5411	0.0193	0.0976	-0.01
Sortino Ratio	0.3	0.4425	0.1906	0.0895	N/A
Downside Variance	0.0243	0.8957	0.0887	1.09	N/A
Standard Deviation	0.0851	2.84	0.1724	0.8657	0.1412
Kurtosis	0.0941	54.7	4.8	1.77	1.29
Potential Upside	0.1477	1.12	0.2257	1.17	0.2312
Treynor Ratio	-0.04	0.494	0.2702	0.0622	-0.17
Maximum Drawdown	0.2954	24.27	1.23	5.1	0.5799
Variance	0.0072	8.04	0.0297	0.7495	0.0199
Market Risk Adjusted Performance	-0.03	0.504	0.2802	0.0722	-0.16
Risk Adjusted Performance	4.0E-4	0.1142	0.0514	0.052	-0.08
Skewness	0.0067	7.06	-0.64	-0.84	-0.38
Semi Deviation	0.0	0.4355	0.0703	0.9558	N/A
Information Ratio	0.5492	0.1477	0.329	0.1079	0.2307
Value At Risk	-0.15	-1.59	-0.33	-1.53	-0.23
Expected Short fall	-0.15	-1.26	-0.16	-0.64	N/A
Downside Deviation	0.1558	0.9464	0.2978	1.04	N/A
Semi Variance	-0.01	0.1897	0.0049	0.9135	N/A

Peer Performance Charts

How to Analyze Victory Incore Against Peers

Victory Incore's peer analysis compares Victory Incore with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether Victory Incore trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where Victory Incore leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Victory Incore Competition

Correlation: Victory Incore vs RIVERNORTH/OAKTREE Overview

Very weak diversification

Moving together with Victory Mutual Fund

Moving against Victory Mutual Fund

Specify up to 10 symbols:

Victory Incore Competition Correlation Matrix

Risk-Adjusted Indicators

Victory Incore Competitive Analysis

Peer Performance Charts

How to Analyze Victory Incore Against Peers

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